Turkish Airlines secures 1st sustainability-linked loan for 2 Airbus A321NEO aircraft
Turkish Airlines has financed its two A321NEO new-generation aircraft, known for their outstanding environmental performance, using a multicurrency JOLCO structure with a sustainability-linked loan facility.
Distinguished for achieving some of the lowest financing costs in the industry with its award-winning and innovative financing models, Turkish Airlines has now made a significant step in sustainable aviation finance.
Structured by Societe Generale, the facility is linked to Turkish Airlines’ achievement of Sustainability Performance Targets (SPTs) concerning its Key Performance Indicator (KPI) of reducing carbon intensity in its fleet, in line with international aviation standards.
Commenting on this development, Assoc Prof Murat Şeker, Member of the Board and Executive Committee, and Chief Financial Officer (CFO) of Turkish Airlines, stated, “As an airline awarded by World Finance as the 'Most Sustainable Flag Carrier Airline' for three consecutive years, we are pleased to integrate our sustainability efforts into aircraft finance. This integration will support our sustainable growth and fleet renewal strategy, contributing to our goal of becoming a carbon-neutral airline by 2050.”
Turkish Airlines' aircraft financing team, recognised annually with various awards from globally renowned organisations such as Global Transport Finance, Airline Economics, Airfinance Journal, and Bonds, Loans & Sukuk Türkiye, has achieved one of the lowest financing costs in the airline industry. Over the past decade, Turkish Airlines has won over 30 international aircraft finance awards for its successful executions amounting to approximately $16 billion.
READ ALSO:
- Turkish Airlines expands network with Sydney route
- Turkish Airlines wins 3 finance awards from Airline Economics
- Turkish Airlines secures Chinese Yuan-denominated aircraft financing outside China
- Turkish Airlines showcases its new luxurious Crystal Business Class Suite
- Turkish Airlines receives ‘Most Sustainable Flag Carrier Airline’ Award for 3rd consecutive year
- Turkish Airlines named 'Best Airline in Europe' at Skytrax Awards for 9th time
- Turkish Airlines expands its US network with new Denver route
- Turkish Airlines, UN Tourism to forge strategic partnership for sustainable tourism
